Black Rock Coffee Bar files for IPO, could be valued at over $1 billion
Scottsdale-based Black Rock Coffee Bar has filed paperwork for an initial public offering. Its revenue rose over 24% recently. What's that mean?
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Black Rock Coffee Bar, which is expanding quickly in Arizona and has its corporate headquarters in Scottsdale, has filed paperwork for an initial public offering.
If the deal goes through, the drive-thru coffee chain will be following in the footsteps of Dutch Bros, which has moved its headquarters to Tempe and went public in 2021 with a valuation of more than $5 billion.
Terms of the offering were not disclosed in the IPO documents, but Reuters reported the cafe chain could be valued at more than $1 billion.
This story is posted in partnership with Phoenix Business Journal. Click to read the full story.
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Comments
1 Comments
Who is buying all these drinks at ridiculous prices? Whoever it is, get ready for a 50% increase due to tariffs on Brazil, the source of most of that coffee. On second thought, there's probably not that much coffee in those sugar drinks anyway, but they'll still mark it up because they already got you to pay $5 for a cup of colored water.